FOR IMMEDIATE RELEASE
For More Information:
Barbara Mackovic, Senior Manager, Media Relations
502.587.4230 or 502.641.5461
KentuckyOne Health Partners: Medicare Shared Savings Program Performance Year 2015 Quality and Financial Results
Louisville, Ky. (Aug. 26, 2016) – The Centers for Medicare & Medicaid Services (CMS) today announced the 2015 performance year results for the Medicare Shared Savings Program and the Pioneer Accountable Care Organization Model that show physicians, hospitals and health care providers participating in Accountable Care Organizations continue to make significant improvements in the quality of care for Medicare beneficiaries, while achieving cost savings.
In 2015, Medicare Accountable Care Organizations had combined total program savings of $466 million, which includes all Accountable Care Organizations’ experiences, for 392 Medicare Shared Savings Program participants and 12 Pioneer Accountable Care Organization Model participants. The results show that more Accountable Care Organizations shared savings in 2015 compared to 2014, and those with more experience tend to perform better over time.
Medicare ACOs are groups of doctors, hospitals, and other health care providers, who come together voluntarily to provide coordinated high quality care to their Medicare patients. The goal of coordinated care is to ensure that patients, especially the chronically ill, get the right care at the right time, while avoiding unnecessary duplication of services and preventing medical errors. When an ACO exceeds quality and financial thresholds – demonstrating achievement of high-quality care and wiser spending of health care dollars – it is able to share in the savings generated for Medicare.
KentuckyOne Health Partners is one of the ACOs that generated savings.
Don Lovasz, president and chief executive officer of KentuckyOne Health Partners (KHP), said, “Our organization has become a leading Medicare certified ACO in Kentucky because of our excellent clinical providers, our state-of-the-art care management information system and the outstanding KHP care management team. Together, we have been able to move-the-needle on better health, better care, better experience and lower cost to patients. The KHP Board is proud of the improved patient outcomes and looking toward further expansion with the NextGen Medicare Program and becoming the only Kentucky based Advanced Alternative Payment Model (AAPM) developed by the recent MACRA legislation.”
Visit the Medicare Shared Savings Program News and Updates webpage to access the CMS press release and fact sheet, the link to the Performance Year 2015 results file, and to learn more about the program.
About KentuckyOne Health Partners
KentuckyOne Health Partners is a care management company with a network of primary care providers, specialists, hospitals, ancillary services, skilled nursing facilities and agencies that collaborate to ensure that their patients conveniently receive the highest quality of care and value. Nearly 2,000 providers across Kentucky, Indiana and Ohio participate in the network. KentuckyOne Health Partners engages with all health insurance companies in the Commonwealth, allowing their scope to maximize accessibility. The company’s state-of-the-art information system and compassionate care management teams coordinate care for patients of all ages, regardless of their location or the provider. In addition, KentuckyOne Health Partners is the largest Medicare-certified Accountable Care Organization (ACO) in Kentucky, manages the only Kentucky-based hip and knee episode program, and was recently approved as a Next Generation ACO model by the federal government. KentuckyOne Health Partners has been recognized three times among “100 Accountable Care Organizations to Know” by Becker’s Hospital Review, is considered one the 15 largest ACOs in the country, and has been sighted in several national reports and publications.